at current price and difficulty, is bitcoin mining profitable with consumer-level asics?
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@sama @pmarca why not? if price goes up a lot should be workable. also, what will this mean for transaction costs?

Apr 27, 2014 路 8:26 PM UTC

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Replying to @sama
@sama @pmarca Mining market also gets an artificial boost as it bypasses KYC and capital controls in many countries.
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Replying to @sama
@sama I think the market will settle on some equilibrium eventually (not sure if profitable; temporarily better to sell shovels ;-) @pmarca
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